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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Industrial properties
8545 Monterey St Gilroy, CA 95020-4273
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-2786796
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1955
Construction
WOOD
Total area
7,659 SF
Lot
0.6 ac (26,220 SF)
Zoning code
CM
APN
790-27-017
UPID
US09-2786796
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.43M
CAP Approach
CAP
$1.97M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.48M
Owner & transaction history
Syeda Omer · 2 yrs held
Syeda Omer
since 2023
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
CM · Gilroy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.4M
+123.9%
Office building
$2.1M
+98.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Gilroy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gilroy submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,470,000
ML approach
$1,430,000
CAP Approach
CAP Return
Estimation
6%
$2,130,000
6.5%
$1,965,000
7%
$1,825,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,075,000
Current use
RETAIL STORES
$2,410,000
Change: +124% · Conversion: Moderate
OFFICE BUILDING
$2,135,000
Change: +99% · Conversion: Difficult
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±10% · vs last sale $1.50M (Nov 16 2023)
Last sale anchor
$1.50M
Nov 16 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$193 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$1,608,300
Assessed 2023
Previous assessed
$1,608,300
+0.0% YoY
Assessed land
$841,677
Assessed improvement
$766,623
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1955
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
7,659 SF
Lot
0.6 ac (26,220 SF)
Zoning code
CM
APN
790-27-017
UPID
US09-2786796
Jurisdiction
SANTA CLARA
Zoning & alternative use
CM · Gilroy, CA
Zoning CM · permitted uses
CM · Gilroy, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gilroy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
RETAIL STORES
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.1M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1955
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Syeda Omer
Individual
Mailing address
1870 CAROB CT, GILROY, CA 95020-7796
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2024
—
Syeda Omer
—
Deed
related
$350,000 · The Steven M Miller 2016 Revocable Livin
Nov 16, 2023
—
Syeda Omer
Syeda Omer
Intrafamily Transfer
related
$1,675,000 · Steven M Milller 2016 Trust
Jun 25, 2019
$1,500,000
Mohammed O Qureshi
Giancola,frank
Grant Deed
$1,050,000 · Frank N Giancola
Feb 24, 2010
$520,000
Frank Giancola
Miller S M 1997 Trust
Grant Deed
related
$150,000 · Miller Steven M 1997 Trust
Feb 8, 2010
—
Miller Steven M 1997 Trust
Farotte,gregory D & Susan
Deed In Lieu Of Foreclosure
—
Oct 7, 2005
—
Gregory D Farotte
Faraotte G & S Family Trust
Grant Deed
related
$400,000 · Miller Steven M 1997 Trust
Mar 7, 2002
—
Gregory D Farotte
Farotte,gregory D & Susan
Quit Claim Deed
related
—
Mar 30, 2001
$500,000
Gregory D Farotte
Ordaz,daniek
Quit Claim Deed
related
—
Mar 30, 2001
—
Daniel Ordaz
Ordaz,kayneta
Quit Claim Deed
related
—
May 22, 1997
—
Heredia Trust
Heredia,rudy
Quit Claim Deed
related
—
Sep 23, 1993
—
Sylvia,c Castle Trust
Castle,s.
Quit Claim Deed
related
—
—
—
Farotte Trtust
—
Deed Of Trust
related
$400,000 · Wells Fargo Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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